Section 20. Retirement

All salaried and regular employees are entitled to participation in a retirement plan, which qualifies according to Federal and State tax guidelines. The BSC shall pay into this plan an amount equal to 12% of the employee’s salary on behalf of all such employees except those covered by union or other plans of coverage. The choice of the retirement plan is at the discretion of each employee. Such payment shall begin in the third year of employment by the BSC. Employment as a Part-Time or Temporary employee shall also be credited towards the two year service requirement.